Relevant:
- Here They Come: Ireland Demands Renegotiation Of Its Bailout Terms To Match Spain
- ​Spain exits multibillion EU bailout scheme
- Best to leave the euro to its own (de)vices
- Irish Home Loans 90+ Days Delinquent Hits 9.2%; Spain Lending Shrinks at Record Pace
- Spain's tough stance makes it different from the rest
2008-07-04 — bloomberg.com
"For homeowners in Spain and in Ireland, struggling to stay afloat amid the wreckage of a decade-long real-estate boom, those prayers are going unanswered. The European Central Bank yesterday increased its benchmark rate to 4.25 percent to fight inflation, pushing both economies a step closer to recession."
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